Tron (TRX)
Tron (TRX) is a decentralized blockchain platform designed to support smart contracts, decentralized applications (dApps), and content-sharing systems. Created in 2014 by Justin Sun and overseen by the TRON Foundation, a Singapore-based non-profit, Tron aims to decentralize the internet by allowing users to own and monetize their digital content directly. Originally launched as an Ethereum-based ERC-20 token, Tron migrated to its own blockchain in 2018. The platform operates on a proof-of-stake consensus mechanism, offering scalability and low transaction costs. Tronix (TRX), its native cryptocurrency, powers transactions and smart contracts on the network, with some wallets requiring a minimum TRX balance for transaction fees. Tron continues to be a prominent player in the blockchain ecosystem, fostering innovation and reducing intermediaries in digital content creation and sharing.
